• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
PoliticsUkraine invasion

New US weapons package for Ukraine brings total in the past week to $1.7 billion — ‘The baton will soon be passed’

By
Tara Copp
Tara Copp
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Tara Copp
Tara Copp
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 7, 2024, 5:29 PM ET
Ukraine's President Volodymyr Zelenskyy waves as he arrives at the Elysee Palace in Paris on Saturday.
Ukraine's President Volodymyr Zelenskyy waves as he arrives at the Elysee Palace in Paris on Saturday. Michel Euler—AP Photo
Add Fortune on Google for similar content.

The United States will provide nearly $1 billion more in longer-term weapons support to Ukraine, Defense Secretary Lloyd Austin said Saturday as the Biden administration rushes to spend all the congressionally approved money it has left to bolster Kyiv before President-elect Donald Trump takes office next month.

Recommended Video

The latest package will include more drones and munitions for the High Mobility Artillery Rocket Systems, or HIMARS, that the U.S. has provided. While these weapons are critically needed now, they will be funded through the Ukraine Security Assistance Initiative, which pays for longer-term systems to be put on contract.

The weapon systems purchased are often intended to support Ukraine’s future military capabilities, not make an immediate difference on the battlefield.

The $988 million package is on top of an additional $725 million in U.S. military assistance, including counter-drone systems and HIMARS munitions, announced Monday that would be drawn from the Pentagon’s stockpiles to more quickly get to the front lines. The U.S. has provided Ukraine with more than $62 billion in military aid since Russia’s invasion in February 2022.

“The baton will soon be passed,” Austin said. “Others will decide the course ahead. And I hope that they will build on the strength that we have forged over the past four years.”

Ukraine is facing an intensified onslaught by Russia, which is now using thousands of North Korean troops to augment its fight to take back the Kursk region. Moscow also has launched an intermediate-range ballistic missile and regularly strikes Kyiv’s civilian infrastructure.

With questions about whether Trump will maintain military support to Ukraine, the Biden administration has been trying to spend every dollar remaining from a massive foreign aid bill passed earlier this year to put Ukraine in the strongest position possible.

“This administration has made its choice. So has a bipartisan coalition in Congress. The next administration must make its own choice,” Austin said in a speech at an annual gathering of national security officials, defense firms and lawmakers at the Ronald Reagan Presidential Library in Simi Valley, California.

Trump had a hastily arranged meeting Saturday with Ukrainian President Volodymyr Zelenskyy and France’s Emmanuel Macron while in Paris for the reopening of Notre Dame Cathedral. Macron and other European leaders are trying to persuade Trump to maintain support for Ukraine.

Trump, a longtime admirer of Russian President Vladimir Putin, has criticized U.S. aid for Ukraine and called for bringing a quick end to the war, raising concerns in Ukraine about what terms may be laid out for any future negotiations.

Austin said he was “confident that President Reagan would have stood on the side of Ukraine, American security and human freedom.”

It was one of Austin’s last major speeches as President Joe Biden’s defense secretary and a cap to his more than 41 years serving as a soldier and general.

Under Austin’s watch, the Pentagon in 2022 launched a regular meeting that now counts more than 50 countries to figure out how to get the tens of millions of rounds of ammunition and billions of dollars in advanced weaponry to Ukraine. Without that flow of support, it’s possible the country would have fallen to Russia after it invaded.

“Together, we have helped Ukraine survive an all-out assault by the largest military in Europe,” Austin said.

Austin and Kentucky Sen. Mitch McConnell, the longtime Republican leader, were honored at the conference for their lifetime of service, and they used the opportunity to press for the U.S. to continue to build and support its alliances, a sharp contrast to Trump’s “America First “ policy.

Austin called the Ukraine Defense Contact Group “the most consequential global coalition since the time of President George H.W. Bush and Iraq’s 1990 invasion of Kuwait,” showing that “America and our friends have become the arsenal of Ukrainian democracy.”

Before Saturday’s announcement, there was roughly $8 billion left to use to pull existing weapons out of U.S. stockpiles and to put additional weapons on contract to help Ukraine.

“We’re not going to stop Putin by telling Ukraine we aren’t going to give you anything more,” Rep. Adam Smith of Washington state, the top Democrat on the House Armed Services Committee, said at a panel at the Reagan National Defense Forum.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Tara Copp
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Russian President Vladimir Putin
EconomyRussia
It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook
By Tristan BoveJune 30, 2026
8 hours ago
Image of colored bar charts with one being pushed up.
NewslettersEye on AI
AI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
8 hours ago
kean
PoliticsCongress
Tom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’
By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026
9 hours ago
Anthropic CEO Dario Amodei pointing to his head.
AIAnthropic
At the heart of Anthropic’s clashes with the U.S. government, a decision not to play by the new rules of Trump’s Washington
By Jeremy KahnJune 30, 2026
12 hours ago
ark
Politicsarkansas
Arkansas defies federal court to launch SNAP candy-and-soda ban Wednesday
By Travis Loller and The Associated PressJune 30, 2026
13 hours ago
ice
PoliticsImmigration
ICE arrested a woman in a habit walking to mass, then released her after realizing she was a nun
By Valerie Gonzalez and The Associated PressJune 30, 2026
13 hours ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
1 day ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.